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Re: None

Wednesday, 10/25/2023 11:06:17 AM

Wednesday, October 25, 2023 11:06:17 AM

Post# of 18522
What the heck were they doing, with the cash they were getting from the gold sells to begin with? BMXI was not putting money back into their gold mining operation overseas? What a bunch of BS. All this pathetic p/r says is that 13 million dollars is going to be invested in gold operations in Indonesia only. Any small potatoes that BMXI may get in 2024 may be used elsewhere. This latest press is so stupid, it should have been released in the quarterly, unless this press release is not whole truthful in my humble opinion. Still no AUDIT mentioned!!!!!!!!!

...The supplemental agreement involves the retention and use of surplus cash generated from
operations at Talawaan and provides that the surplus cash held by the operating partner on behalf
of the Company as at November 30, 2022, approximating $13 million, be released in full, effective
immediately, and reinvested into a number of areas, including addition of high value gold
exploration properties, recapitalisation and expansion of gold mining assets in situ, as well as
upgrades of safety equipment and protocols and investment in additional upgrades of
environmental operating standards, including reinforced lining of tailing ponds, restoring and
replanting excavated areas of forest and other improvements to the Company’s environmental
footprint...

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